Zero Fee Credit Card Processing | United States | Zero Pay Solutions

Quite simply, Zero Pay is designed for you as a merchant to offset 90-100% of your current credit card processing fees and to help you to increase sales revenues and profitability. Our program is a method that now allows you to provide an incentive ‘cash discount’ to customers who pay with cash, along with applying a small service fee to those who pay with a credit card. Our clients no longer have to pay credit card processing fees when accepting cards at their business and are now legally able to pass these fees directly to their customers.

Zero Pay provides (2) Cash Discount Packages and will tailor a package that best meets your business needs. We will provide you with either our DEJAVOO Credit Card Terminal ($99 month) or our MYNT Point-of-Sale System ($199 month). All our equipment is pre-programmed with our ‘proprietary’ Zero Pay cash discount software so that you can process payments and permit the cash or credit card payment adjustments to take place. Every customer receipt will show a line item for each payment adjustment. Furthermore, all of our clients receive the latest EMV and PCI compliant terminals available in the industry.

Most of our merchants eliminate around 90-100% of their fees. This includes any transaction fees, batch fees, PCI compliance fees, statement fees, VS/MC/DS/AX interchange pass-through fees, etc. Quite simply, you will be eliminating most of your fees with our Zero Pay Cash Discount Program. Your processing rate is also locked in on your merchant account agreement, with NO increases. This allows you to know exactly what your monthly processing cost will be. Zero Pay will also set up your billing on a daily discount structure, meaning we will deposit your funds daily minus the applicable processing fee, instead of a lump sum at the end of the month. Your monthly statement will show a near ‘zero cost’ in processing fees along with your monthly subscription fee for participating in the Zero Pay Cash Discount Program.

There is NO RISK when signing up for our Cash Discount Program. You can try the program out for 30 days to verify for yourself that we have helped you to eliminate 90-100% of the credit card processing fees that you were paying with your previous processor. The monthly merchant statement we provide you will clearly reflect your 90-100% savings. To further minimize your risk, we also place all of our merchants are on a ‘month-to-month’ agreement with NO long term contract! If you decide you want to cancel your account, you can do so with NO cancellation fee!

For several years now, retail and restaurant business owners have fought with Visa and MasterCard to be allowed to charge customers a small service fee when paying with a credit card. Their main objective was to increase their profitability by minimizing the ever-increasing Visa/MasterCard processing rates that merchants pay when accepting credit cards. Visa/MasterCard previously allowed only certain industry types to implement a cash discount program. Many industry types such as gas stations, utilities, college-universities, courts, DMV, IRS and national-state-local governments have provided cash discounts for several years. Furthermore, cash discounting is widely used by merchants across Europe and Australia. This battle has been successful and Visa & MasterCard now allows retail and restaurant establishments with the ability to offer discounts for cash purchases and to apply a small service fee for card-paying customers. This is based on the evolution of the Durbin Amendment and Dodd-Frank Wall Street Reform and Consumer Act which was recently passed by the US Senate. This law now prohibits a payment card network such as Visa “from inhibiting the ability of anyone to provide a discount for payment by cash, checks, debit cards, or credit cards.” For FCC information on the legalities of Cash Discount, go to https://www.ftc.gov/tips-advice/business-center/guidance/new-rules-electronic-payments-lower-costs-retailers

We initially had the same concerns, but from our analysis and feedback from current merchants utilizing our program (including retailers and restaurants), the complaint ratio is very low (under 3%). There are (3) main reasons for this. 1) Customers like the convenience of paying with a credit card rather than carrying cash. 2) Customers like using their Reward Cards to earn the reward points when making purchases with these cards. 3) Customer don’t want the hassle of going to an ATM and paying high ATM fees (sometimes north of 5%) which in most cases, is more expensive than paying the smaller service fee when they use their credit card at your business. Our merchants also know that their risk is limited compared to the thousands of dollars in processing fees that they will be eliminating. At Zero Pay, we don’t want you to lose any customers and we have the SOLUTION! If you are still concerned about losing customers, with the terminal or POS system we will provide, you will be able to quickly ‘toggle on or off’ the cash discount program that is pre-programmed in your terminal. Our toggling feature is available if you have a loyal customer that you don’t want to apply the service fee to and thus eliminate your concerns about losing these customers!

The answer is very simple and not hard to understand. Merchants simply ask their customers the following: “Would you like to receive a discount by paying with cash or pay with a credit card?” The signage we provide to place at your counter will notify the customer of the discount they will receive if they pay in cash and the small service fee when they pay with their credit card. Basically, our merchants are telling their customers that this is not a FEE for paying with a credit card, but rather an ‘incentive’ to pay with CASH.

Zero Pay will set that up for you based on your average ticket size. For businesses with an average ticket below $25, we recommend a flat rate transaction fee ($0.50 to $0.90). Businesses with a larger average ticket ($25+), 3.95% works best. This process ensures that you cover as much of your processing costs as possible. Our cash discount program is especially effective for businesses that process small tickets with debit cards because their profit margins are more limited than businesses that process higher ticket transactions.

On a case by case basis, we will work with you to implement a hybrid solution where you charge a service fee of anywhere between 1-4% to your consumer and you.

We will set your processing rate below the service fee you will collect on credit card payments from your customer. This will insure that you are covering 90-100% of your credit card processing fees. Visa and MasterCard allows merchants to pass through credit card processing fees with a maximum cap of 4%. This rate includes every single fee related to processing. Included in this rate is the transaction fee, batch fee, PCI compliance fee, statement fee, interchange pass-through fees, etc. Quite simply, you will pay minimal processing fees with our Cash Discount Program. Your processing rate is also locked in on your merchant account agreement, with NO increases. This allows you to know exactly what your fixed monthly processing cost will be.

No problem! If at any time you wish to go back to paying all of your processing fees, we can switch you to our ‘traditional’ pricing model at no cost. With our traditional pricing, we will even beat the rates you were paying with your old processor.

The major card issuers (Visa/MasterCard/Discover/American Express) issued rules requiring that a visible disclosure be present in the business. If signage is not properly displayed in the business, you will be in violation of the card issuer rules and guidelines for participating in the program. Businesses who are in violation could be subject to penalties up to and including having your merchant account privileges revoked.

When big brand stores partner with banks to issue Reward Cards, we continue to see an increase among these stores to provide better reward options. The bottom line is that merchants pay for these reward programs through their processing fees. The more that consumers use their reward cards, the more these rates will rise for these cards. We certainly do not try to discourage consumers from using reward cards, but merchants should understand that when they accept reward cards, the more processing fees they will pay. This is why our cash discount program is so effective for helping merchants to drastically reduce these fees.

No! Your annual 1099-K will only show the earned income on your sales and not include the service fee for easy bookkeeping.